Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Satia Industries Ltd gets Environmental Clearance for Proposed Expansion

Posted On: 2020-01-29 15:18:37

Satia Industries had filed an application seeking environmental clearance under the provisions of the EIA Notification, 2006 for its proposed expansion of paper production from 300 TPD to 600 TPD along with CPP of 14 MW located at Village Rupana, District Muktsar, Punjab.

After detailed deliberations in the 13th meeting of the Expert Appraisal Committee (EAC) for Industry-1 Sector constituted as per the provisions of the EIA Notification, 2006 for Environmental Appraisal, the Committee recommended the project for grant of Environmental Clearance under the provisions of EIA Notification, 2006 subject to certain specific conditions in addition to the applicable general conditions as per the Ministry's Office Memorandum No. 22-34/2018-III dated 9/8/2018 for pulp and paper industry.

Commenting on the EAC approval, Shri R.K Bhandari, Joint Managing Director said, "With great enthusiasm we share the news that while on one hand, the EAC has recommended our case for Environmental Clearance for capacity expansion and on the other hand we have successfully done the financial closure of the Project. With this, we are now fully confident of moving ahead at full pace and have plans to complete the civil work, plant erection and commissioning and trial run before the end of the financial year 2021. With a state of art new European Paper machine and planned use of wood pulp as our raw material for this machine - will ensure higher quality produce equivalent to A grade mills and will definitely command better price realization."

Shares of Satia Industries Ltd was last trading in BSE at Rs.96.5 as compared to the previous close of Rs. 95.15. The total number of shares traded during the day was 12437 in over 1292 trades.

The stock hit an intraday high of Rs. 101.7 and intraday low of 94.45. The net turnover during the day was Rs. 1194998.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

TVS Motor Company inaugurates its flagship showroom in El Salvador

L&T-built Fifth Offshore Patrol Vessel ICGS Varad Commissioned for Indian Coast Guard

Tube Investments of India Ltd Board approves interim dividend of Rs. 3.50 for FY20

Shriram Transport Finance Company Ltd to consider fund raising proposal

Kanchi Karpooram Ltd board to consider interim dividend on Mar 9, 2020

NTPC commissions 250 MW unit of Barauni Thermal Power Station Stage-II

Godrej Properties adds a new residential project in Chandivali, Mumbai

HCL Foundation announces winners of fifth edition of HCL Grant

KSB Ltd Q4 PAT rises to Rs. 30.5 crore

IndusInd Bank Ltd approves appointment of Mr. Sumant Kathpalia as MD & CEO

IndiGo partners with HDFC Bank to launch its first credit card 'Ka-ching', powered by Mastercard

Vedanta Limited board approves 1st interim dividend of Rs. 3.9

Kalpataru Power Transmission Ltd board to consider dividend on Mar 4, 2020

S&P reaffirms long term rating of Samvardhana Motherson Automotive Systems Group B V

Mahindra Lifespace Developers Ltd acquires land in Pune

CARE updates on rating of KPI Global Infrastructure Limited

ADOR Fontech Ltd board approves interim dividend of Rs. 1.80

Brickworks Rating downgrades credit rating of Capital Trust Ltd

Government of India increases stake in IOB to 95.84% through preferential issue

UFO Moviez India Ltd board declares interim dividend of Rs. 15

Resonance Specialties Ltd board to consider interim dividend on Mar 4, 2020

Jamna Auto Industries Ltd Board to consider Second Interim Dividend

Mishra Dhatu Nigam Ltd Board to consider Dividend on Mar 3, 2020

Pidilite Industries announces acquisition of majority stake in Tenax India Stone Products Pvt. Ltd.

KRBL Ltd board declares interim dividend of Rs. 2.80

Lemon Tree Hotels announces its debut in Bhutan, with the launch of Lemon Tree Hotel, Thimphu

AudioCodes Selected by HFCL for Major Indian Government Telecom Network

Brickwork Ratings downgrades rating of Ganesh Housing Corporation Ltd

Newgen Software Technologies Ltd to set up unit at Noida SEZ

Canara Bank to sell 3.25% in Petronet MHB Ltd

Manappuram Finance Ltd board declares interim dividend of Rs. 0.55 for FY2020

Hexaware's Workforce Management team wins the 'Most Indigenous Practice in WFM' award at Global WFM awards

KSB Ltd board recommends dividend of Rs. 8 for CY2019

Jubilant FoodWorks Ltd board declares interim dividend of Rs. 6

Excel Industries Ltd Board to consider Interim Dividend on Mar 9, 2020

TCS Recognized as a Global Top Employer for Fifth Consecutive Year

Lincoln Pharmaceuticals Ltd board declares interim dividend of Rs. 1.50

Wipro Opens New Designit Studio in Dallas to Expand Reach of Design Innovation

Hero MotoCorp launches BSVI version of New Super Splendor

Relaxo Footwears Limited board declares interim dividend of Rs. 1.25

IndiaMART becomes first B2B marketplace in India to register 10 Cr users on the platform

Bank of Baroda to sell 4.90% stake in Petronet MHB Ltd

NLC India Ltd board approves interim dividend of Rs. 7.06

Seamec Ltd deploys SEAMEC III at Mumbai High Offshore

Finolex Industries Ltd board declares interim dividend of Rs. 10 for FY20

Acko Partners with HDB Financial Services to Offer Micro Insurance on HDB Aabhar Cards

Airtel Payments Bank rolls out Aadhaar enabled Payment System (AePS) across 250,000 Banking Points

Apollo Tyres executes investment agreement with Warburg Pincus arm

Som Distilleries & Breweries Ltd updates on credit ratings

GOCL Corporation Ltd updates on accident at Hyderabad factory







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019